Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research

Paperback | October 15, 2002

EditorNicolai Foss, Volker Mahnke

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The 'theory of the firm' is a significant part of modern economics. Because it informs strategic choices, it is also highly relevant to business administration in particular. Two dominant streams may be identified in the literature, namely the 'competence' and 'governance' perspectives on thefirm. While there has been little direct discussion between the main proponents of these perspectives, both claim that they are reaching for a strategic theory of the firm. Such a theory would not only shed light on the classical questions considered in the theory of the firm (e.g. why firms exist,what determines their boundaries and internal organization), but would also be helpful for informing strategy issues, such as understanding strategic flexibility, strategic options, and the sources of competitive advantage.This volume brings together leading thinkers on competence, governance, and entrepreneurship to advance and stimulate economic strategy research. By pooling and mobilizing intellectual resources of both competence and governance perspectives, the contributions show that an innovative joint venturebetween these two main perspectives potentially leads to a new avenue of future research on strategic issues such as corporate growth, interfirm cooperation, and corporate entrepreneurship.

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The 'theory of the firm' is a significant part of modern economics. Because it informs strategic choices, it is also highly relevant to business administration in particular. Two dominant streams may be identified in the literature, namely the 'competence' and 'governance' perspectives on thefirm. While there has been little direct dis...

Nicolai Foss is Professor of Economic Organization and Director of the Learning, Incentives, and Knowledge Program at the Copenhagen Business School. His research interests centre around the theory of the firm and strategic management. He has published extensively in academic journals and has also edited a number of volumes on economi...

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Format:PaperbackDimensions:352 pages, 9.21 × 6.14 × 0.74 inPublished:October 15, 2002Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:019925981X

ISBN - 13:9780199259816

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Table of Contents

1. Nicolai Foss and Volker Mahnke: Advancing Research on Competence, Governance, and EntrepreneurshipPart I: Fundamental Perspectives2. Oliver Williamson: Strategy Research: Competence and Governance Perspectives3. Kirsten Foss and Nicolai Foss: The Knowledge-Based Approach and Organizational Economics: How much do they really Differ? And how does it Matter?4. Giovanni Dosi and Luigi Marengo: On the Tangled Discourse between Transaction Cost Economics and Competence-based Views of the FirmPart II: Firm Growth and Entrepreneurship5. Patrick Cohendet, Patrick Llerena, and Luigi Marengo: Is there a Pilot in the Evolutionary Firm?6. Mark Casson: An Entrepreneurial Theory of the Firm7. Sumantra Ghoshal, Martin Hahn, and Peter Moran: Organizing for Firm Growth: The Interaction between Resource-Accumulating and Organizing Processes8. Paul Geroski: The Growth of Firms in Theory and Practice9. Neil Kay: The Growth of FirmsPart III: The Dynamics of Governance10. Rod Coombs and Stan Metcalfe: Organizing for Innovation: Co-ordinating Distributed Innovation Capabilities11. Nicholas Argyres and Julia Porter Liebeskind: The Role of Prior Commitment in Governance Choice12. Erich Pfaffman: Knowledge Maturity of Products, Modularity, and the Vertical Boundaries of the Firm13. Anoop Madhok: Inter-firm Collaboration: Contractual and Capabilities-Based Perspectives14. Jay B. Barney and Wonghee Lee: Multiple Considerations in Making Governance Choices: Implications of Transaction Cost Economics, Real Options Theory, and Knowledge-Based Theories of the Firm15. Ron Sanchez: Demand Uncertainty and Asset Flexibility: Incorporating Strategic Options in the Theory of the Firm